The ACM Forex Trading Platform - Is it Any Good?

The trading of the Forex market used to be the preserve of traders who had access to huge amounts of capital. You needed to be either a financial institution or a very wealthy individual to be able to afford to play in a market with a large amount of risk. But thanks to the Internet, this has now changed. The little guy is now able trade alongside the big institutions. And many brokers have welcomed these individual traders with open arms. One of the best of this new breed of broker is the ACM Forex Trading Platform.

ACM have focused their business squarely at the individual investor rather than the professional trader. They have successfully set up a system that many investors will find to their liking. One of their biggest accomplishments is the setting up of a user-friendly platform. Once you have visited the site you'll appreciate this. There is a mass of technical information available to you but it is all packaged in a neat way that you can get access to easily. You even have the option to move items around on the screen so that the market information that is most important to you is easily at hand.

Speed of execution using the ACM Forex Trading Platform is second to none. One of the big complaints from traders is that there is slippage from the time of placing a trade to the time that the system actually executes the trade. That could be just seconds or even fractions of a second, but in a fast moving market this can be the different between making a nice tidy profit and suffering a loss. ACM has what it calls a WYCIWYG system. This stands for 'What You Click Is What YOU Get' and I think this sums up completely the advantage of using this platform. The price that you execute the trade at will be honored even if the market subsequently moves.

You can begin trading with a $2000 mini account or choose a $5000 standard account. This is sufficient to satisfy a whole range of small investors.

So it's good, but how much does it cost? You may be pleasantly surprised that all this technology does not come at a sky-high price. In fact quite the reverse. The ACM Forex Trading Platform is available at 2-3 pip spreads with no commission charges. This compares very favorably with other providers.

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Currency Secrets : ACM Review

Advanced Currency Markets (ACM)

What’s The Attraction?

The initial attraction with ACM is the 3 pip spread on the 4 majors. They also have made guarantees that they will honor stops and that there is no slippage on limit and stop orders - this may not last with other larger brokerage firms no longer providing such a guarantee.

Live & Demo Differences

We found no difference between the demo and live accounts.

What We Liked About ACM:

The charting package was quite good.

Being Swiss based may be advantageous depending on where you are on the globe.

One click dealing seems to be one of the major highlights that ACM pushes, however, I didn’t particularly think that clicking on the bid or ask price ONCE was generally the best way to trade - I would prefer a confirmation screen, only because I’ve had bad experiences in the past with brokers who have this feature. Maybe it’s just my clumsy fingers!

Accounts can be denominated in either USD, EUR or CHF.

Overall the benefits weren’t too bad, provided you protect your mouse.

What We Didn’t Like About ACM:

I just didn’t like their platform. I especially didn’t like the fact that the one click dealing buttons were large on the screen… any accidental click made on the page had a high probability of landing on one of those transaction buttons! I also felt that the platform lacked some form of sophistication, but maybe that’s just me. I felt like I was in kindegarden with big numbers flashing over the screen and the ability to only display a handful of bid/ask spreads.

I suppose some forex traders will prefer this set up, however, I just found it too dangerous.

Also… when opening a live account you need to have your passport notarized (authenticated). I don’t know if this is due to some Swiss banking law, but it sure as hell is annoying as you need to fork out between US$50-100 to have a copy of your passport notarized. As far as I know ACM is the only broker that does this… but I haven’t reviewed any other Swiss forex broker so it could just be Swiss based brokerage firms.

In summary then…

ACM PROS:

• 3 pip spreads on major currency pairs
• Swiss based
• 100:1 leverage
• No slippage on stop orders (apparently?)
• Since partnering with REFCO they now are the largest forex dealer
• Charting package ok
• EUR, USD or CHF currency accounts available

ACM CONS:

• Their platform is not the best I’ve used. I wish they did have a more stable downloadable version, as I don’t particularly like browser based ones
• Is anyone comfortable with one click dealing?
• News package could be better

ACM Forex

About ACM

The best way to find out about ACM, who we are and what we do is to pick up the telephone and call us. For those potential customers who prefer to browse rather than discuss, we have created this very complete "about us" section with many facts and explanations about ACM.


Our insistence on transparency is shown through the following pages where we inform the general public on our business model, concepts central to our company like the concept of WYCIWYG (what you click is what you get) and even the way in which we make money is discussed.


The main concepts at the core of our Advanced Currency Markets are:

1) Offering the most competitive, transparent and simple execution to the foreign exchange trader (to such an extent that most traders having used other brokers before us are quite agreeably surprised).

2) Transparency in everything we do, from the way we present our company to potential customers to our method of execution.

3) Keeping our profit margin small per customer. Most foreign exchange dealers focus on increasing their profit margins per trade. We at ACM focus on decreasing our profit margins per trade (within reason) so that our execution can be better than that of other brokers and through using skillful marketing techniques gaining the largest market share possible because of our outstanding conditions. The result is practically no cost trading for even very small customers.

4) There's no point chasing after customers who don't want to open an account. At ACM we only call customers that ask to be called and we believe that traders who are serious about opening an account will do so without having an ACM employee call them 3 times a week. Basically we respect people's intelligence and right to privacy. The added value to this concept is that it is a cost effective way of running a business.

Source:
http://www.ac-markets.com/forex-broker/online-forex-broker.aspx